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Property profile & analytics
FOR SALE
Retail space
448 N Oregon St, Ontario, OR 97914
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0580888
For Sale
1 / 74
$1,750,000
448 N Oregon St, Ontario, OR 97914
View Listing →
Property summary
AI-generated overview
This exceptional 24,640 square foot commercial property, situated on a 2.02-acre lot at 448 N Oregon Street in Ontario, Oregon, presents a unique investment opportunity. The building, spanning two floors, currently operates as a thriving retail-wholesale antique business. The expansive space includes 12,000 square feet dedicated to showcasing inventory, complemented by an additional 12,000 square feet of storage for processing and managing incoming goods. The property boasts 182 well-lit parking spaces, ensuring ample convenience for customers and employees. The sellers are currently developing an art and library display across four distinct areas within the building, adding further potential for diversification and increased revenue streams. This property offers three distinct acquisition scenarios: Purchase the building alone for $1,750,000
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Total area
24,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
O-I2
APN
18S4703CB 1100
UPID
US71-0580888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$805k
Owner & transaction history
Scott R Matthews · 8 yrs held
Scott R Matthews
since 2018
1 recorded transaction
Zoning & alternative use
O-I2 · Ontario, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$34 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,226
Tax year 2023
Assessed value
$471,280
Assessed 2023
Previous assessed
$457,554
+3.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$83,802
Assessed improvement
$387,478
Land market value
$221,370
Improvement market value
$1,255,760
Total market value
$1,477,130
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1947
Heating
NONE
Total area
24,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
O-I2
APN
18S4703CB 1100
UPID
US71-0580888
Jurisdiction
MALHEUR
Zoning & alternative use
O-I2 · Ontario, OR
Zoning O-I2 · permitted uses
O-I2 · Ontario, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ontario. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Lot
2.02 ac
Current owner
From public records · entity-resolved
Scott R Matthews
Individual
Mailing address
PO BOX 273, EMMETT, ID 83617-0273
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2018
—
Scott R Matthews
Scott R Matthews
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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